Winny Immigration stock debuts with 71% premium on NSE SME platform
Winny Immigration debuted on the NSE SME platform with a premium of 71% on Thursday. The stock was listed at Rs 240 as against an issue price of Rs 140.
Ahead of the debut, the company's shares were trading with a premium of Rs 75 in the unlisted market.
The IPO, which was completely a fresh equity issue of 6.52 lakh shares, received a healthy response from investors with an overall subscription of over 100 times at close.
The net proceeds from the public offer will be used for opening of new offices in India, software development, repayment of debt, branding and advertisement and other general corporate purposes.
Winny is mainly engaged in visa consultancy business as it provides assistance to individuals for study, travel, work, business and migration purposes.
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As the world becomes increasingly interconnected, the demand for skilled professionals, students, and travellers to cross borders has surged and we have seized this opportunity to expand our business by providing guidance in the complex process of obtaining visas for different purposes in the current era.
The company has successfully assisted thousands of clients in navigating the complex immigration and visa processes. By providing visa consultancy, it is also playing a pivotal role in facilitating global mobility and connecting individuals with international opportunities.
With extensive experience spanning decades, network of 12 strategically
